French equity markets closed lower on Monday as losses in the Consumer Goods, Healthcare and Oil & Gas sectors exerted downward pressure on benchmarks.
At the Paris close, the CAC 40 slipped 0.25% and the SBF 120 also retreated 0.25%.
Notable gainers
- Carrefour SA (EPA:CARR) climbed 3.54% or 0.55 points to finish at 16.10.
- Danone SA (EPA:DANO) added 2.43% or 1.58 points to end the session at 66.64.
- STMicroelectronics NV (EPA:STMPA) rose 2.28% or 1.55 points to close at 69.39, a move noted in the session as part of a longer-term run.
Largest decliners
- Hermes International SCA (EPA:HRMS) fell 5.90% or 101.50 points to trade at 1,620.00 at the close.
- LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) dropped 3.59% or 17.90 points to finish at 481.35.
- EssilorLuxottica SA (EPA:ESLX) declined 2.91% or 5.05 points to end at 168.50.
On the broader SBF 120, Soitec SA (EPA:SOIT) led gains with a 9.24% rise to 129.45. Carrefour and Spie SA (EPA:SPIE) were also among top performers on the index, with Spie gaining 2.94% to close at 51.10.
Among the heaviest fallers on the SBF 120 were Herm s, Edenred SA (EPA:EDEN) which declined 5.52% to 22.59, and SEB SA (EPA:SEBF) which lost 4.74% to finish at 49.44.
Market breadth in Paris favored the downside: declining issues outnumbered advancers by 296 to 185, while 76 stocks ended unchanged.
Volatility and notable metrics
The CAC 40 VIX, the gauge of implied volatility for CAC 40 options, was unchanged at 18.96, marking a new 52-week high.
Commodities and currency moves
- Gold Futures for August delivery fell 1.15% or 48.68 to $4,197.22 a troy ounce.
- Crude oil for August delivery lost 3.01% or 2.28 to trade at $73.57 a barrel.
- The September Brent oil contract declined 3.41% or 2.73 to $77.32 a barrel.
On foreign exchange markets, EUR/USD was essentially unchanged, moving 0.35% to 1.14, and EUR/GBP was unchanged at 0.86, a 0.42% change. The US Dollar Index Futures was higher by 0.18% at 100.80.
Additional context on company moves
STMicroelectronics' shares were highlighted in the session, having risen to what was noted as a 5-year high as the stock gained 2.28% to 69.39.
Overall, the trading session closed with modest index declines but clear dispersion among individual names: several industrial and retail stocks advanced sharply even as luxury and certain consumer-oriented names recorded material declines. Commodity softness and a firmer dollar accompanied the session's equity moves.
Data referenced in this report reflect closing prices and percentage changes as reported at the Paris market close.